Henderson Land Development Co Ltd ADR HLDCY

Morningstar Rating

About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

HLDCY is trading at a 631% premium.
Price
$3.31
Fair Value
$3.49
Uncertainty
High
1-Star Price
$1.54
5-Star Price
$2.29
Economic Moat
Fxhmw
Capital Allocation

News

Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
13.88
Price/Sales
4.34
Dividend Yield (Trailing)
6.92%
Dividend Yield (Forward)
6.92%
Total Yield
6.92%

Company Profile

Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, a 33.4% stake in Hong Kong Ferry, and a 50.1% stake in Miramar Hotel & Investment.
Sector
Real Estate
Industry
Real Estate - Diversified
Stock Style Box
Large Value
Total Number of Employees
9,875

Competitors

Valuation

Metric
HLDCY
00016
01972
Price/Earnings (Normalized)
13.8810.9913.42
Price/Book Value
0.390.430.35
Price/Sales
4.343.646.76
Price/Cash Flow
22.4310.4421.94
Price/Earnings
HLDCY
00016
01972

Financial Strength

Metric
HLDCY
00016
01972
Quick Ratio
0.430.370.45
Current Ratio
2.153.760.94
Interest Coverage
5.469.075.65
Quick Ratio
HLDCY
00016
01972

Profitability

Metric
HLDCY
00016
01972
Return on Assets (Normalized)
1.69%2.89%1.98%
Return on Equity (Normalized)
2.80%3.89%2.45%
Return on Invested Capital (Normalized)
2.34%3.52%2.29%
Return on Assets
HLDCY
00016
01972

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